Liens on Assets Sample Clauses
Liens on Assets. There are no Liens for Taxes on any assets of any Company Group Member, other than Liens for Taxes not yet delinquent.
Liens on Assets. Except as set forth on Schedule 3.21, all liens or security interests of any third party as to any of the Assets have been removed on or before the Effective Date, and the Seller has furnished evidence thereof to Buyer.
Liens on Assets. Except as hereinafter provided in this Section 1008, so long as any Security shall remain Outstanding, the Company will not, and will not permit any Subsidiary to, create or suffer to exist any Mortgage, or otherwise subject to any Mortgage the whole or any part of any property or assets now owned or hereafter acquired by any of them, without securing, or causing such Subsidiary to secure, the Outstanding Securities, and any Indebtedness of the Company and such Subsidiary which may then be outstanding and entitled to the benefit of a covenant similar in effect to this covenant, equally and ratably with the Indebtedness secured by such Mortgage, for as long as any such Indebtedness is so secured. The foregoing covenant does not apply to the creation, extension, renewal or refunding of the following:
(a) any Mortgage on any property of a corporation existing at the time such corporation is merged into or consolidated with, or at the time such corporation becomes a Subsidiary of, the Company or any Subsidiary or at the time of a sale, lease or other disposition of the assets of a corporation or other entity as an entirety or substantially as an entirety to the Company or such Subsidiary; provided, however, that such Mortgage does not spread (i) to other property at such time owned by the Company or any of its Subsidiaries or (ii) with respect to a merger or consolidation only, to other property thereafter acquired;
(b) any Mortgage (i) on any property acquired or constructed by the Company or any Subsidiary to secure all or a portion of the price of such acquisition or construction or funds borrowed to pay all or a portion of the price of such acquisition or construction (including any Capitalized Lease Obligation) or (ii) to which any property or asset acquired by the Company or any Subsidiary is subject as of the date of its acquisition by the Company or such Subsidiary; 61 63
(c) any Mortgage to secure public or statutory obligations or with any governmental agency at any time required by law in order to qualify the Company or any Subsidiary to conduct its business or any part thereof or in order to entitle it to maintain self-insurance or to obtain the benefits of any law relating to workers' compensation, unemployment insurance, old age pensions or other social security, or with any court, board, commission, or governmental agency as security incident to the proper conduct of any proceeding before it, including any Mortgage securing a letter of credit is...
Liens on Assets. Except as set forth on Schedule 3.22, all liens ------------- or security interests of any third party as to any of the Assets have been removed on or before the Effective Date, and the Seller has furnished evidence thereof to Buyer.
Liens on Assets. There are no liens held by any party on the ReadyMed Assets.
Liens on Assets. The assets, including any real property in which the Company or any Company Subsidiary has an interest, reflected in the balance sheet of the Company for the year ended December 31, 1997 included in the Company 1997 10-K (the "Company 1997 Balance Sheet") or acquired in the ordinary course of business since December 31, 1997 (the "Company Assets") (except those Company Assets sold or disposed of in the ordinary course of business for full and fair consideration), are free and clear of all mortgages, security interests, pledges, liens and encumbrances (collectively, "Encumbrances") other than (a) as set forth on the Company Disclosure Schedule, (b) as reflected in the Company 1997 Balance Sheet, (c) "mechanics" liens or similar statutory liens on assets which, in the aggregate, are not material to the Company and the Company Subsidiaries, taken as a whole, and (d) liens for state and local property taxes not in arrears and liens arising by operation of law.
Liens on Assets. (a) In connection with a loan to Company in the amount of $2,000,000 from the California Integrated Waste Management Board (CIWMB), the Company has granted to the CIWMB a first position lien in all Company equipment.
Liens on Assets. On the Closing Date, all liens, security interests or encumbrances of any nature on or affecting the Assets shall be fully removed and discharged at the sole cost and expense of Seller.
Liens on Assets. MGE has not, directly or indirectly, caused --------------- the creation, imposition or placement of any Lien upon any of the assets (including real, personal and intangible property) of the Nuclear Plant except those Liens described on Schedule 11(g). To MGE's knowledge, there are no Liens which have been created, imposed or placed on any such assets except those described on Schedule 11(g).
Liens on Assets. Except as described in Schedule 3.22 and the IPC Financial Statements, IPC has good and marketable title to all of its respective Assets and such Assets are not subject to any mortgages, pledges, liens, conditional sales agreements, encumbrances and security interests or claims except for minor imperfections in title and encumbrances, if any, which singularly and in the aggregate are not substantial in amount and do not materially detract from the value of the property subject thereto or impair the use thereof by their business.